Out of Business

Action Payday

Out of Business

Action Payday

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Action Payday Review

Action Payday is a short term loan offering by Action Payday, a direct lender based in Flandreau, SD. Founded in 2008, Action Payday offers access to payday loans in 36 states (and Washington, DC).

What are the Action Payday rates & fees?

Action Payday offers payday loans with loan fees ranging from $10
to $30.
These loans are meant as a short-term source of credit but if you calculated the annualized percentage rate of those fees you get rates ranging from 353.23% to 365.75%.

How much can you borrow from Action Payday?

Loan amounts start at $100
and go up to $1,500.

What are the Action Payday minimum approval requirements?

Applicants with a credit score of at least 350 can apply for a loan via Action Payday.

The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

Only U.S. citizens
and permanent residents can apply for a loan.

You'll need a minimum monthly income of $1,000 to qualify for a loan with Action Payday.

Action Payday will also consider borrowers who are unemployed
.

Borrowers must have an active checking account to apply for a loan.

Active duty servicemembers and their covered dependents cannot apply for a loan via Action Payday. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.

Does Action Payday run credit checks?

No, Action Payday will not run your credit with the three national credit reporting agencies (Equifax, Experian, and TransUnion). However, they may look at other databases to check your payment history.

What is the estimated funding time for a payday loan via Action Payday?

Action Payday will typically provide a credit approval decision in less than an hour and fund the loan within 3 business day
.

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